Banc Intranets Announces Strong Performance in 2019, Positive Outlook for 2020
Banc Intranets exceeded its strategic objectives in 2019, enhancing its products, internal processes, customer base and marketing efforts. The company is financially sound and well-positioned to expand on its achievements in 2020.
JOHNSON CITY, Tenn., Jan. 24, 2020 - Banc Intranets, a provider of secure, web-based enterprise content management solutions, is pleased to announce significant accomplishments in 2019 as well as a strong outlook for 2020. Last year, the company surpassed its financial goals, achieved continued growth in sales involving new and existing clients, made great improvements in its software, increased its focus on social media and streamlined its upgrade process.
“We are financially sound and appropriately staffed, and streamlining our upgrade process will help us maintain lower staff levels and still provide excellent customer support,” said Banc Intranets CEO Mark Anderson. “Our technical support team operated at an increased level of efficiency, which speaks to the work our development team accomplished by streamlining the onboarding of new clients and the product upgrade/release process.”
Last year, Banc Intranets added 22 new clients, which included Equity Bank in Kansas, United Community Bank in Illinois, Dean Bank in Massachusetts, SESLOC FCU in California and Argent Financial in Louisiana. Overall, its average client asset size is approximately $1.6 billion with an average of 260 employees. “2020 looks to be strong again given there seems to be a continuing trend of fewer bank closures and more start up banks,” Anderson said.
Banc Intranet made great strides augmenting its BancWorks® employee intranet and DirectorsLink® board portal solutions last year. The enhanced versions of these products increased their features, functionality, and security for users. Enhancements included revamped document management capabilities, new site analytics, and a more robust ticket system. Improvements were also made to the employee recognition module based on user-specific feedback. “We covered more than 95 percent of client’s requested enhancements and have a lot of clients using this module,” he said.
During 2020, Banc Intranets intends to further capitalize on its operational efficiencies and deliver more enhancements and new capabilities across its solutions. By creating these efficiencies, the company feels it is well positioned for the onboarding of even more new clients than it attained in 2019. Currently, Banc Intranets serves customers in more than 35 states, Puerto Rico, Canada and the Caribbean.
Some of Banc Intranets’ key marketing initiatives for 2020 involve the continued participation in about 20 industry-specific conferences and various core system user meetings nationwide. This spring, for example, Banc Intranets will be attending events in Kansas, Georgia, Florida, Minnesota, Louisiana, Texas, Virginia and California. The company is also working to further enhance its marketing resources and social media presence in 2020. Banc Intranets is posting regularly on LinkedIn, Facebook and Twitter to keep its target audience engaged with company news and other developments.
Banc Intranets’ management objectives for 2019 included growing its sales, upgrading its software, increasing its operational efficiencies and meeting its overall financial goals. The accomplishment of these and other goals is an indication that the company is well prepared to sustain—and even enhance—its performance in 2020. “I really think 2020 will be our best year ever provided the economy continues to improve,” Anderson said.
About Banc Intranets
Established in 2002, Banc Intranets, LLC is a leading provider of secure, web-based enterprise content management solutions for financial institutions. Its technology provides a single point of access across multiple devices for information and centralizes employee onboarding and training, streamlining day-to-day operations for bank directors and senior managers. In addition to increasing efficiency and productivity, Banc Intranets’ solutions are developed by financial industry professionals, providing comprehensive reporting that is critical to maintaining regulatory compliance. For more information, visit www.bancintranets.com or follow the company on LinkedIn and Twitter.